Contracts

Question 1

A writing under the statute of Frauds?

Answer 1

need not contain detailed information about the contract and if it was enforceable, it would not be enforceable beyond the quantity of goods shown in the writing.

Question 2

When is an implied warranty of goods for a particular purpose present?

Answer 2

When the

(1) Seller knows of the particular purpose
(2) and they buyer relies on the sellers skill or judgment in selecting the appropriate goods

Question 3

When does acceptance under the UCC occur?

Answer 3

When the buyer after a reasonable opportunity to inspect the goods

(1) tells the seller they are conforming or holds on to the goods
(2) fails to reject them within a reasonable time, or
(3) does not act inconsistent with the sellers ownership

Question 4

A buyer may revoke his UCC acceptance if

Answer 4

(1) revocation occurs within a reasonable time after the buyer discovers the ground for it
(2) the goods fail to conform to the contract and substantially impair the value of the goods to the buye.
(3) If the buyer accepted the goods without the discovery of non-conformity